Al-Takaful Palestinian Insurance (XPAE:TIC) Price-to-Tangible-Book : 1.45 (As of May. 27, 2024)

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What is Al-Takaful Palestinian Insurance Price-to-Tangible-Book?

As of today (2024-05-27), Al-Takaful Palestinian Insurance's share price is $3.15. Al-Takaful Palestinian Insurance's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $2.17. Hence, Al-Takaful Palestinian Insurance's Price to Tangible Book Ratio of today is 1.45.

The historical rank and industry rank for Al-Takaful Palestinian Insurance's Price-to-Tangible-Book or its related term are showing as below:

XPAE:TIC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.13 Med: 1.35 Max: 2.69
Current: 1.45

During the past 13 years, Al-Takaful Palestinian Insurance's highest Price to Tangible Book Ratio was 2.69. The lowest was 1.13. And the median was 1.35.

XPAE:TIC's Price-to-Tangible-Book is ranked worse than
54.11% of 462 companies
in the Insurance industry
Industry Median: 1.325 vs XPAE:TIC: 1.45

A closely related ratio is called PB Ratio. As of today, Al-Takaful Palestinian Insurance's share price is $3.15. Al-Takaful Palestinian Insurance's Book Value per Sharefor the quarter that ended in Dec. 2023 was $2.17. Hence, Al-Takaful Palestinian Insurance's P/B Ratio of today is 1.45.

Al-Takaful Palestinian Insurance Price-to-Tangible-Book Historical Data

The historical data trend for Al-Takaful Palestinian Insurance's Price-to-Tangible-Book can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Al-Takaful Palestinian Insurance Price-to-Tangible-Book Chart

Al-Takaful Palestinian Insurance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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1.54

1.24

1.18

1.13

1.38

Al-Takaful Palestinian Insurance Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.13	1.25	1.41	1.39	1.38

Competitive Comparison of Al-Takaful Palestinian Insurance's Price-to-Tangible-Book

For the Insurance - Diversified subindustry, Al-Takaful Palestinian Insurance's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Al-Takaful Palestinian Insurance's Price-to-Tangible-Book Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Al-Takaful Palestinian Insurance's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Al-Takaful Palestinian Insurance's Price-to-Tangible-Book falls into.

Al-Takaful Palestinian Insurance Price-to-Tangible-Book Calculation

Al-Takaful Palestinian Insurance's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	3.15	/	2.172
	=	1.45

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Al-Takaful Palestinian Insurance Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Al-Takaful Palestinian Insurance's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Al-Takaful Palestinian Insurance (XPAE:TIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Al-Takaful Palestinian Insurance (XPAE:TIC) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Abraj House, 2nd floor, Box: 1444, Ein Munjed, Ramallah, PSE

Website

https://www.altakaful-ins.ps

Al-Takaful Palestinian Insurance is a Palestine-based company that is engaged in providing multiple insurance programs and services that is compliant with Shariah. The company provides Medical insurance, which provides insurance for general and physician doctors, pharmacies, laboratories, and X-rays; Motor insurance, which provides insurance for theft, collision, and fire; Family insurance, which provides insurance for natural death, accidental death, and other; and General insurance. The company sells its insurance via branches, offices, and authorized dealers.

Al-Takaful Palestinian Insurance (XPAE:TIC) Headlines

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